PriceLabs' Neighborhood Data compiles market data to help you understand demand and set competitive prices.
Some key questions the Neighborhood Data tab can answer for hosts:
Q1: Why am I not getting any bookings?
Check the Neighborhood Data tab's Occupancy Chart to see if your low bookings reflect the overall market trend or just your listing. This added context can reassure you when performance seems slow.
But suppose your occupancy is low while the market is seeing high occupancy. In that case, you may need to adjust your listing with competitive pricing, flexible minimum stays, or marketing efforts to stand out.
Q2: How can I compare prices accurately when cleaning and service fees are included in the nightly rates?
To compare apples to apples, the Competitor Calendar shows separate cleaning fees & service fee details. These fees are listed separately from the nightly rate. So, you can understand the prices separately from the fees added on booking platforms like Airbnb.
Q3: I compare to just a few competitors. How do I make sure my prices reflect this?
The Competitor Calendar tool allows you to hand-pick up to 10 specific listings. It shows their nightly rates and booked & available dates. Competitor Calendar now offers new enhancements for better comparisons:
_01HW84XF1FHNNTASVSPGD3CB6Q.jpg)
